Page 3 - Billionaires Wealth

India minted a new billionaire every 5 days in 2023: Hurun rich list 2024

For the first time, the Hurun India Rich List has exceeded 1,500 entries, recording individuals with wealth more than Rs 1,000 crore

World's richest lose $134 billion in stock slump, led by Amazon's Bezos

His wealth also derives from space-exploration company Blue Origin and the Washington Post

G20 finance ministers agree to work toward effectively taxing super-rich

Finance ministers from leading rich and developing nations agreed Friday to strive toward effectively taxing the super-rich, a joint ministerial declaration said. With full respect to tax sovereignty, we will seek to engage cooperatively to ensure that ultra-high-net-worth individuals are effectively taxed, the declaration said after the two-day meeting in Rio de Janeiro. Brazil has made a proposal to impose a 2% minimum tax on billionaires a top priority of its presidency of the Group of 20, ahead of the Nov. 18-19 summit in Rio. While the final declaration stops short of agreeing on a specific global tax, Brazilian Finance Minister Fernando Haddad nevertheless called it a significant step forward. We were always optimistic about this result, but it really exceeded our initial expectations, Haddad told reporters. Brazil's proposal to tax billionaires has divided G20 nations. France, Spain and South Africa have expressed support, while the U.S. is against. Tax policy is very diff

G20 agree on Brazil's billionaire tax idea to effectively tax ultra rich

The declaration, which will be published on Friday, was a priority for Brazil, chairing talks of the G20 this year

G20 to back progressive taxation, without endorsing 'billionaire tax'

A broader G20 joint communique is expected on Friday, when finance ministers and central bankers conclude this week's meetings in Rio de Janeiro

Inequality in India: Upper castes hold nearly 90% of billionaire wealth

The recent report from the World Inequality Lab noted that the top 1% of the country's population now commands more than 40 per cent of India's total wealth

Ready to put billions into nuclear power project in Wyoming: Bill Gates

TerraPower LLC, a startup founded by Gates, broke ground for construction of its first commercial reactor last week in Wyoming, where a coal plant is shutting down, he said

Caste and billionaires: What data shows about the country's elite club

World Inequality Lab numbers show the caste composition of India's richest

As Nvidia hits $3 trn, Jensen Huang's wealth surpasses Michael Dell's

Dell, 59, with a net worth of $105.9 billion, has been a computer hardware-industry outlier among the tech super-rich, who often owe their wealth to software companies

Number of ultra rich grows, more worth over $100 bn than ever before

Leading the pack is LVMH founder and Chief Executive Officer Bernard Arnault, 75, with a net worth of $222 billion

Modi made 22 billionaires, INDIA bloc will make crores of 'lakhpati': Rahul

Congress leader Rahul Gandhi on Tuesday criticised Prime Minister Narendra Modi, alleging that he wanted to hand over 'Jal, Jungle, Jameen' belonging to tribals to industrialists. Addressing an electione rally in Jharkhand's Chaibas, Gandhi promised to make crores of people 'lakhpati' if voted to power. Asserting that this Lok Sabha election is for saving the Constitution and the rights of tribals, poor and backward, he said INDIA bloc leaders were ready to sacrifice their lives to save the Constitution. The former Congress president said, "PM wants to handover tribals' 'Jal, Jungle, Jameen' to 14-15 industrialists...he made 22 people billionaires in his 10-year tenure... We will make crores of lakhpatis if voted to power and provide Rs 1 lakh annually to poor women." He also promised to provide one-year apprenticeship to unemployed diploma holders and graduates.

Nepalese billionaire who sold 'Wai Wai' aims to list India unit by 2026

Chaudhary Group launched the Wai Wai noodle four decades ago in Nepal's capital Kathmandu, and has since grown to become India's third largest brand

Zuckerberg's wealth exceeds Elon Musk's for the first time since 2020

Musk's wealth has shrunk by $48.4 billion this year, while Zuckerberg has added $58.9 billion to his fortune as Meta Platforms Inc. climbs to fresh highs, including a new record on Friday

Forbes youngest billionaire list 2024: 19-year-old Brazilian tops the chart

Forbes youngest billionaire list 2024 named a 19-year-old Brazilian as the youngest billionaire who surpassed Clemente Del Vecchio, who is two months older than her

Mumbai overtakes Beijing as Asia's billionaire capital for the very first time

In a historic first, Mumbai has dethroned Beijing as Asia's billionaire capital, with a staggering 92 billionaires compared to Beijing's dwindling 51

Trump's net worth hits $6.5 bn, making him one of world's 500 richest

The figure, which has consistently been below Trump's own estimates, is based on ethics disclosures required for presidential candidates

Will prevent few billionaires from controlling all wealth: Rahul Gandhi

Rahul Gandhi said, earlier weapons were manufactured in the ordnance factory of the government and now it will be done by Adani

Jeff Bezos sells $4 bn of Amazon shares, cashes in on Amazon rally

Amazon shares were up 13% this year through Monday's close, the last day on which Bezos sold shares, according to a filing. They slipped 2.2% to $168.64 on Tuesday

Elon Musk's firm Neuralink ditches Delaware, reincorporates in Nevada

Neuralink isn't the first business Musk has reincorporated outside of Delaware and may not be the last

Mukesh Ambani re-joins $100 bn club, wealth climbs $2.8 bn to $101.8 bn

The billionaire is the 12th-richest person in the world, ahead of L'Oreal heir Francoise Bettencourt Meyers